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Use the following information \(\begin{array}{c|c} ₦ \\ \hline \text{Net profit} ...

Use the following information
\(\begin{array}{c|c} & ₦ \\ \hline \text{Net profit} & 60,000\\ \text{Total assets} & 520,000\\ \text{Current liabilities} & 150,000 \\ \text{Current assets} & 280,000 \end{array}\)
The current ratio is?
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  • A 1.87 : 1
  • B 1 : 1.87
  • C 1 : 2
  • D 2 : 1
Correct Answer: Option A
Explanation:

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